Jamaica GDP Annual Growth Rate  1997-2018 | Data | Chart | Calendar

The economy of Jamaica expanded 1.1% year-on-year in Q4 2017, higher than 0.8% in Q3. It is the highest growth rate in a year amid a rebound in mining and quarrying (14.7% vs -7.8 % in Q3) due to higher production at the alumina plants and faster growth in government services (0.2% vs 0.1%); real estate (0.8% vs 0.6%) and restaurants and hotels (5.8% vs 3.9%) due to a 13.7% increase in foreign arrivals. On the other hand, a slowdown was recorded in wholesale and retail trade (0.5% vs 0.6%); finance and insurance services (0.8% vs 1.2%); transport storage (0.7% vs 1.1%); manufacturing (0.3% vs 2.1%); and construction (0.7% vs 1.2%). On a quarterly basis, the GDP shrank 0.6%. For full 2017, the economy grew 0.5% after a 1.4% expansion in 2016. GDP Annual Growth Rate in Jamaica averaged 0.48 percent from 1997 until 2017, reaching an all time high of 4.30 percent in the fourth quarter of 2006 and a record low of -4.60 percent in the second quarter of 2009.

Jamaica GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-09-30 12:00 AM GDP Growth Rate YoY -0.1% 0.1% 0.4%
2017-12-29 10:00 PM GDP Growth Rate YoY 0.8% -0.1% 1.2%
2018-03-29 08:30 PM GDP Growth Rate YoY 1.1% 0.8% 1.5%
2018-07-06 11:50 PM GDP Growth Rate YoY 1.1% 1.7%
2018-09-30 12:00 AM GDP Growth Rate YoY 1.7%
2018-12-29 06:00 PM GDP Growth Rate YoY 1.8%


Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.60 1.50 2.60 -2.50 percent [+]
GDP Annual Growth Rate 1.10 0.80 4.30 -4.60 percent [+]
GDP 14.03 14.26 14.75 0.70 USD Billion [+]
GDP per capita 4796.00 4746.50 5368.50 3466.60 USD [+]
GDP per capita PPP 8190.00 8105.40 8681.40 7286.20 USD [+]
Gdp Constant Prices 192699.00 186048.00 194147.00 163584.00 USD Million [+]
Gdp From Agriculture 12739.00 12392.00 15745.00 7631.00 USD Million [+]
Gdp From Construction 14592.00 13149.00 18118.00 11454.00 USD Million [+]
Gdp From Manufacturing 16349.00 16752.00 23548.00 14652.00 USD Million [+]
Gdp From Mining 4331.00 3797.00 8526.00 3161.00 USD Million [+]
Gdp From Public Administration 23683.00 25608.00 25935.00 22427.00 USD Million [+]
Gdp From Services 34096.00 31454.00 36733.00 30200.00 USD Million [+]
Gdp From Transport 20876.00 20746.00 23461.00 13697.00 USD Million [+]
Gdp From Utilities 6012.00 6210.00 6618.00 4158.00 USD Million [+]


Jamaica GDP Annual Growth Rate

Jamaica, a small island nation situated in a strategic position near the Panama Canal, is the slowest growing economy in the Caribbean. Services, with tourism employing 10 percent of the population, is the most important sector of the economy and accounts for around 60 percent of GDP. Jamaica’s large shadow economy and lax tax regulations have translated into persistent fiscal deficits and heavy dependence on remittances. Bureaucracy, high energy costs and a slow, inefficient legal system are hampering foreign direct investments and private initiative. High unemployment and drug related crime are also issues that need to be addressed. This page provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.80 4.30 -4.60 1997 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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